Calamos Advisors LLC Buys 61 Shares of BlackRock, Inc. (NYSE:BLK)

Calamos Advisors LLC boosted its position in shares of BlackRock, Inc. (NYSE:BLK) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,331 shares of the asset manager’s stock after acquiring an additional 61 shares during the period. Calamos Advisors LLC’s holdings in BlackRock were worth $31,093,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Oddo BHF Asset Management Sas purchased a new position in BlackRock in the third quarter worth $518,000. Erste Asset Management GmbH bought a new position in shares of BlackRock during the 3rd quarter valued at about $32,904,000. Raymond James Trust N.A. raised its holdings in shares of BlackRock by 2.3% during the 3rd quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager’s stock valued at $25,724,000 after buying an additional 614 shares in the last quarter. MML Investors Services LLC lifted its position in BlackRock by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager’s stock worth $65,010,000 after buying an additional 1,852 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in BlackRock by 20.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager’s stock worth $3,169,000 after buying an additional 565 shares in the last quarter. 80.69% of the stock is owned by institutional investors.

Insider Transactions at BlackRock

In related news, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the sale, the chief operating officer now owns 41,916 shares in the company, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $6,777,432. This represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,190 shares of company stock valued at $115,163,141 over the last quarter. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley increased their target price on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Evercore ISI boosted their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays decreased their price target on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. TD Cowen upped their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, UBS Group lifted their price target on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

BlackRock Trading Down 5.6 %

BlackRock stock opened at $1,014.90 on Tuesday. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,084.22. The business’s fifty day moving average is $1,026.43 and its 200 day moving average is $963.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The stock has a market capitalization of $157.19 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the business posted $9.66 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, sell-side analysts predict that BlackRock, Inc. will post 47.45 EPS for the current year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be paid a $5.21 dividend. This represents a $20.84 annualized dividend and a dividend yield of 2.05%. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. BlackRock’s dividend payout ratio is 48.57%.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.